“We have been waiting for this moment for a long time and we believe that the signing of this Provisional Measure paves the way for the betting market to become increasingly transparent, attracting businessmen, customers and everyone who wants to work and have fun safely in Brazil,” highlights Natalia Nogues, co-founder and CEO of Control F5.
“Betting operations are like any other type of company, they create jobs, generate income and, for all that, it is only fair that their earnings revert to our country. What we hope is that there is still a space for conversation to adjust some of the measures presented.”
Provisional Measure 1,182 brings a series of changes. Some important points:
The revenue of betting companies will be taxed at 18%, levied on the GGR (Gross Gaming Revenue). The amount collected will be allocated as follows:
Charge of 30% Income Tax on prizes. Gains of up to R$ 2,112 remain exempt from income tax.
In accordance with the Provisional Measure in force, the participation in sports betting of the following categories of people is expressly prohibited:
Based on current legislation, companies that conduct betting activities without proper authorization from the Ministry of Finance or that, even with the concession, offer the service in disagreement with the legal provisions, will be subject to penalties.
The fines applied may vary from 0.1% to 20% of the total amount collected by the company, limited to R$ 2 billion per infraction committed. Furthermore, the operating license may be revoked and the company's operations suspended.
The PM is already in force, but must be analyzed by the National Congress within a period of up to 120 days.
The market is now awaiting the publication of the Bill that will determine more rules for the operation of betting companies in Brazil.
How should the gaming operator proceed to adapt to the new rules?
“We continue towards the search for an environment of transparency and professionalism in the sector that is growing at an accelerated pace in Brazil. For this reason, Control F5 offers consultancy on the new MP for Betting, assisting operators of all sizes so that they understand and adjust to changes in the market,” as Natalia Nogues observes:
“Control F5 is willing to support anyone who wants to understand more about the PM of betting. We are prepared to guide operators on best market practices and how to proceed in light of the new rules. It is very important that everyone is very well nourished with quality information about this novelty, as many still have doubts and questions about each point of the measure and its impact on companies.”
“Control F5 has long aimed for our sector to be increasingly professional, delivering excellent services. If you want to better understand how the regularized market in Brazil will be, schedule a meeting with us,” she invites.
Source: GMB
